Fortis awarded 'Best Carbon Trader 2008'

 

Carbon Banking at Fortis covers a broad spectrum of financial services from equity to debt and from trading to administration. In 2007, Fortis served some 300 clients, made over 20,000 trades and traded a total of 300 million tons of carbon. As a pioneer in all financial aspects of the carbon market Fortis has the expertise to deliver superior solutions for Emission Assets trading needs. Fortis won this award thanks to its continuous efficient carbon market making in Europe and was praised for setting the market standard.

 

The results were compiled from a survey of leading professionals working in the carbon market, with over 600 individuals invited to participate. The award was presented in Copenhagen on Tuesday 11 March by Point Carbon CEO Mr Per-Otto Wold at Carbon Market Insight 2008.

 

One thousand seven hundred delegates from over 60 countries attended the conference, which featured speakers including Nobel Peace Prize Winner 2007 Chairman Dr Rajendra K. Pachauri, Norwegian Prime Minister Jens Stoltenberg, United Nations Framework Convention on Climate Change Executive Secretary Yvo de Boer and European Commission Deputy Director General Jos Delbeke.

 

Seb Walhain, Director of Environmental Markets at Fortis Merchant Banking comments: "The market has come a long way since I did the first ever EU Emission Allowance trade back in 2003. Having done tens of thousands of carbon deals last year, largely on behalf of our hundreds of carbon banking clients, Fortis is very pleased with this reward and the recognition. Our aim is to keep leveraging our market expertise for our clients. An even bigger market share and success are our targets for 2008!"

 

Point Carbon is a world-leading provider of independent news, analysis and consulting services for European and global power, gas and carbon markets. Point Carbon's comprehensive services provide professionals with market-moving information through monitoring fundamental information, key market players and business and policy developments. Point Carbon's in-depth knowledge of power, gas and CO2 emissions market dynamics positions us as the number one supplier of unrivalled market intelligence of these markets. Our staff includes experts in international and regional climate policy, mathematical and economic modelling, forecasting methodologies, risk management and market reporting. Point Carbon has more than 15,000 clients, including the world's major energy companies, financial institutions, organisations and governments, in over 150 countries.

Each year Point Carbon's Carbon Market Insights gathers key players for the carbon community's most important annual conference. Point Carbon also runs a number of high-level networking events, workshops and training courses. Point Carbon has offices in Oslo (Head Office), Kiev, London, Tokyo and Washington D.C.

Fortis Merchant Banking provides high-value tailor-made services to medium-sized companies, large corporates and institutionals. As a worldwide organisation, we have developed special expertise in cash & treasury management, debt, equity and structured finance, trading & financial risk hedging, financial advisory and structuring. We serve commodity producers, traders and distributors all over the world. We are a world leader in fund administration, global custody, securities lending and clearing services.

Thanks to an integrated network, the Business combines the strength of an international group with local expertise and proximity. Dedicated Relationship Managers coordinate all banking facilities and can call on specialists in all fields.

 

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 32.3 billion (29/02/2008), Fortis ranks among the 15 largest financial institutions in Europe. Our sound solvency position, our presence in over 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com.